when you make the decision to fight the trend, since according to the analysis of reversal will occur.
that means your mind is free to open a position.
better to open a position with the lot is small, if it happens.
Printable View
when you make the decision to fight the trend, since according to the analysis of reversal will occur.
that means your mind is free to open a position.
better to open a position with the lot is small, if it happens.
Trading with small lots is always good to our account balance, as this will result in least possible loss when market trend changes suddenly. Hence i normally trade with smallest lot , that is 0.01 and i am happy to do it.Quote:
Originally Posted by sid
yes I agree with you,
many traders who can not wait to open a position at which suffered a correction.
because if we wait for prices slid for a moment, our chance to get a bigger profit.
Thats true... Depending on 1 indicator can hurt you real bad.. But most of all.. Depending solely on indicators is also not a good idea... You should have a trading strategy on your own.. Otherwise those indicators can misguide you... Finding a trend is not that hard... If you read about it then you will find plenty of data on how to identify a trend without the help of any indicators..Quote:
Originally Posted by sid
Ap ki bat kafi had tak thek hai. Kabhi bhi kisi trend k against nahi jana chahye, bara nuksan hojaega. Hamesha apni trade ki direction trend direction me hi karna. Behtar yeh hai k jab jab correction move ho price me, tab tab trade karna in the direction of the trend. For example up trend me jab downward correction ho tu supports per buy karna aur vice versa for selling. Is tarha ziada tar faidey me rahoge.
I think our friend has just presented a beautiful piece of advice for all. A very good description of what to do and what not to do, in respect of the TREND. Well done sir.
this all depend on your back up plan and how much you have money in back up it means that longer points you can set for stop loss if you have high amount of money for your self. so I never look for 50 or 100 **** for traDING i CAN EVEN HOLD trades which are in minus 1000 too. so just set longer targets and long term will be easierQuote:
Originally Posted by borle
i think you are right i am repeating same mistakes and that is reason for me to losses so i have to avoid such things and should improve my trading skills so that i get a good success in forex trading
yes. it is true ride the trend . many of the successful trader told that, trend is your friend.so, follow it. some trader go against the trend. the mostly loose thir amount. happy trading
yes you are right as i know that the trend is our friend so i think that the trade with the clear trend is more safe and profitable for us for me i always select the trend from the long chart like 4H and 1H even one day and when i see a clear one i like to trade with long term and in theother case i use the scalping too i think its profitable too!!!